Yuan reaches new historic low

The People’s Bank of China weakened its yuan fix further this morning, down 122 pips to 6.6594 per dollar, the lowest since December 2010. The offshore yuan fell another 0.1% to 6.6818.

According to many experts, the Chinese currency will continue weakening in 2016. Brexit is called among the factors that have a major impact on the yuan, as the UK's exit from the EU had a negative impact on all financial markets.